| Product Code: ETC8148045 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Vasudha | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The Maldives experienced a significant increase in electric surface heaters import shipments in 2024, with top exporting countries being Sri Lanka, Thailand, Italy, China, and Malaysia. The market concentration, as measured by HHI, shifted from moderate in 2023 to very high in 2024, indicating increased dominance by key suppliers. The impressive CAGR of 39.04% from 2020 to 2024 highlights the strong demand for these products in the Maldives. Moreover, the remarkable growth rate of 72.0% from 2023 to 2024 suggests a surge in import activity, signaling a promising market outlook for electric surface heaters in the country.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Maldives Electric Surface Heaters Market Overview |
3.1 Maldives Country Macro Economic Indicators |
3.2 Maldives Electric Surface Heaters Market Revenues & Volume, 2021 & 2031F |
3.3 Maldives Electric Surface Heaters Market - Industry Life Cycle |
3.4 Maldives Electric Surface Heaters Market - Porter's Five Forces |
3.5 Maldives Electric Surface Heaters Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Maldives Electric Surface Heaters Market Revenues & Volume Share, By Industry, 2021 & 2031F |
4 Maldives Electric Surface Heaters Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for energy-efficient heating solutions in Maldives |
4.2.2 Growing tourism industry driving the need for high-quality accommodation, including heating amenities |
4.2.3 Government initiatives promoting the use of electric surface heaters for sustainability purposes |
4.3 Market Restraints |
4.3.1 High initial investment cost associated with electric surface heaters |
4.3.2 Limited awareness and education among consumers about the benefits of electric surface heaters |
4.3.3 Dependence on imported raw materials leading to price fluctuations and supply chain disruptions |
5 Maldives Electric Surface Heaters Market Trends |
6 Maldives Electric Surface Heaters Market, By Types |
6.1 Maldives Electric Surface Heaters Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Maldives Electric Surface Heaters Market Revenues & Volume, By Type, 2021- 2031F |
6.1.3 Maldives Electric Surface Heaters Market Revenues & Volume, By Silicone Rubber-Based, 2021- 2031F |
6.1.4 Maldives Electric Surface Heaters Market Revenues & Volume, By Polyimide-Based, 2021- 2031F |
6.1.5 Maldives Electric Surface Heaters Market Revenues & Volume, By Polyester-Based, 2021- 2031F |
6.1.6 Maldives Electric Surface Heaters Market Revenues & Volume, By Mica-Based, 2021- 2031F |
6.2 Maldives Electric Surface Heaters Market, By Industry |
6.2.1 Overview and Analysis |
6.2.2 Maldives Electric Surface Heaters Market Revenues & Volume, By Electronics and Semiconductor, 2021- 2031F |
6.2.3 Maldives Electric Surface Heaters Market Revenues & Volume, By Aerospace and Defense, 2021- 2031F |
6.2.4 Maldives Electric Surface Heaters Market Revenues & Volume, By Medical, 2021- 2031F |
6.2.5 Maldives Electric Surface Heaters Market Revenues & Volume, By Automotive, 2021- 2031F |
6.2.6 Maldives Electric Surface Heaters Market Revenues & Volume, By Food and Beverages, 2021- 2031F |
6.2.7 Maldives Electric Surface Heaters Market Revenues & Volume, By Oil and Gas and Mining, 2021- 2031F |
7 Maldives Electric Surface Heaters Market Import-Export Trade Statistics |
7.1 Maldives Electric Surface Heaters Market Export to Major Countries |
7.2 Maldives Electric Surface Heaters Market Imports from Major Countries |
8 Maldives Electric Surface Heaters Market Key Performance Indicators |
8.1 Average energy efficiency rating of electric surface heaters sold in Maldives |
8.2 Percentage of hotels and resorts in Maldives using electric surface heaters |
8.3 Adoption rate of electric surface heaters in residential buildings in Maldives |
9 Maldives Electric Surface Heaters Market - Opportunity Assessment |
9.1 Maldives Electric Surface Heaters Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Maldives Electric Surface Heaters Market Opportunity Assessment, By Industry, 2021 & 2031F |
10 Maldives Electric Surface Heaters Market - Competitive Landscape |
10.1 Maldives Electric Surface Heaters Market Revenue Share, By Companies, 2024 |
10.2 Maldives Electric Surface Heaters Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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